Aster DM’s Gulf Exit and Fortis’s Strategic Sale: A Turning Point in Indian Healthcare
The deal includes the acquisition of a 65% stake in the Gulf business by a consortium led by Fajr Capital. The Moopen family retains 35% in the newly formed Alpha GCC Holdings Ltd.
GAIL vs. SEFE: A $1.8 Billion Conflict Over LNG Contracts
GAIL (Gas Authority of India Limited), the state-owned gas utility of India, has filed an arbitration claim against SEFE Marketing & Trading Singapore Pte Ltd, a former unit of Russian energy giant Gazprom, seeking damages amounting to $1.817 billion.
A Financial Triumph: REC Exceeds Rs 1 Lakh Crore in Loan Disbursements
For the first time in the company’s history, REC has surpassed the milestone of Rs 1 lakh crore in loan disbursements during the April-November period of this fiscal year. This is a substantial increase compared to the Rs 46,075 crore disbursed in the same eight-month period in the previous fiscal year (2022-23).
The Cost of Mobility: Impact of Increased Railway Freight Rates on Automobiles
This revision has increased the freight rates by 20% for the movement of Bogie Covered Autorake Double Decker Wagon (BCACBM) from the current financial year. Prior to this change, rail freight rates had remained stable for a decade, providing stable costs for the industry.
Garuda Aerospace: Charting a New Course with Upcoming IPO
This follows the trend of other drone companies that have recently had successful IPOs. Garuda Aerospace is supported by high-profile backers, including former Indian cricket captain Mahendra Singh Dhoni.
UDAN Scheme’s Budgetary Wingspan: MoCA’s Vision for Enhanced Regional Flights
The Ministry of Civil Aviation has sought a budgetary allocation of Rs 1,500 crore for the UDAN scheme in FY25. This figure represents a 25% increase from the previous year’s allocation.
Kross Ltd’s Bold Step into Public Markets with Rs 500 Crore IPO
Kross Ltd’s decision to go public with a Rs 500 crore IPO is a testament to its growth trajectory and future ambitions. This move not only signifies a new phase of growth for the company but also offers investors a chance to be part of Kross’s promising journey.
India’s Digital Payment Revolution: UPI Records ₹17.40 Lakh Crore in Transactions
. Furthermore, a report by PwC India suggests that UPI could dominate the retail digital payments landscape, accounting for 90% of total transaction volumes over the next five years and potentially reaching 100 crore transactions per day by FY27.
Actis’ BluPine Energizes India’s Solar Sector with ₹2,100 Crore Atha Acquisition
Actis has committed a substantial investment of up to US$800 million in BluPine through its Energy 5 Fund, which totals US$6 billion of investable capital. This fund focuses on global energy transition opportunities, underlining Actis’ dedication to sustainable investments on a global scale.
India’s Strategic Move: Imposing a 20% Export Duty on Parboiled Rice
n 2022, India exported 7.4 million tons of parboiled rice, accounting for over 40% of the world’s rice exports. The recent duty is expected to reduce India’s rice shipments, potentially elevating global rice prices, which are already near their 12-year high.